Li Auto, Inc. (LI)
NASDAQ:LI
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Earnings Data
Report Date
Sep 02, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.1Last Year’s EPS
0.2Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: strong product and technology milestones (MAHE M100 chip, MindVLA model, successful Li L9 early orders, stabilized i6 volumes, solid cash balance and global expansion) support a positive medium-term outlook. However, Q1 financials showed material weakness with double-digit revenue declines, severe margin compression (gross profit down ~66% YoY), operating and net losses, and negative free cash flow, driven by product mix, model refresh timing and some supply constraints. Management expects margin improvement (target ~10% in Q2) and maintains a 20% full-year sales growth target, but near-term profitability and cash flow remain challenged until new models scale. Overall, the positives around technology, product demand and a strong cash position are balanced by significant near-term financial deterioration.Company Guidance
Product Launch and Strong Early Demand for Li L9
All-new Li L9 launched May 15 with deliveries from May 17; Li L9 Livis secured over 10,000 orders within two weeks with transaction prices above RMB 500,000; company expects >20% market share in the RMB 500,000+ NEV SUV segment and targets 20% share in the RMB 400,000-500,000 NEV SUV market for the Ultra variant.
BEV i6 Stable Sales Volume
Li i6 BEV monthly sales stabilized at ~20,000 units per month and ranks among the top 3 BEV SUVs, accounting for nearly 60% of total vehicle sales in the quarter.
In-house MAHE M100 Chip and MindVLA Deployment
Mass production and first on-vehicle deployment of proprietary MAHE M100 5nm automotive AI inference chip and MindVLA model achieved; management claims ~3x effective computing power per unit cost (and statements of triple compute at half cost / up to 6x effective compute vs prior platform), enabling larger models, higher precision training and faster autonomous driving development.
Product Roadmap and Upcoming Launches
All-new Li L8 (5-seater flagship) launch planned in late June; L8 and L9 share platform and range-extender tech (1.5L turbo + 72.7 kWh battery); dedicated software/AI launch event planned in June to showcase software, foundation models and embodied AI features.
Maintained Full-Year Sales Growth Target
Company maintained 2026 full-year sales growth target of 20% despite Q1 weakness, indicating confidence in product rollouts and demand recovery.
Strong Cash Position and Share Buyback
Quarter-end cash balance of RMB 94.3 billion; ongoing USD 1 billion share repurchase program announced in March with 17.5 million Class A ordinary shares repurchased to date (including 7.3 million ADS) for USD 148.1 million.
Production Capacity and Flexibility
Changzhou base will manufacture both L9 and L8 with flexible line allocation; expected monthly production capacity for new models of 4,000–5,000 units during ramp-up; targeted ~8,000 L9 deliveries between mid-May and end of June.
Store Partner Program Early Operational Benefits
Store partner program reported to improve frontline management accountability and long-term investment by store owners; inventory of prior-generation L Series cleared and user satisfaction improved in pilot rollout.
International Expansion Progress
Signed distribution contracts in Saudi Arabia and UAE; planned market entries into Middle East & Central Asia in Q3, gradual rollouts in Macau, Cambodia, Laos, Myanmar, Li i6 planned for Europe in H2 and right-hand-drive Li MEGA for key APAC markets by year-end.
Continued Investment in R&D
R&D expenses increased 8.3% year-over-year to RMB 2.7 billion in Q1, reflecting continued investment in software, chips and autonomous driving capabilities.
LI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 28, 2026 | $15.78 | $15.54 | -1.52% |
Feb 19, 2026 | $18.32 | $18.32 | 0.00% |
Nov 26, 2025 | $18.32 | $18.43 | +0.60% |
Aug 28, 2025 | $22.60 | $23.26 | +2.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Li Auto, Inc. (LI) report earnings?
Li Auto, Inc. (LI) is schdueled to report earning on Sep 02, 2026, Before Open (Confirmed).
What is Li Auto, Inc. (LI) earnings time?
Li Auto, Inc. (LI) earnings time is at Sep 02, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LI EPS forecast?
LI EPS forecast for the fiscal quarter 2026 (Q2) is -0.1.
